Digital River World Payments to Provide European Payment Services for Morinda
MINNEAPOLIS — May 8, 2014 — Digital River, Inc. (NASDAQ: DRIV), a leading global provider of Commerce-as-a-Service solutions, today announced that it signed a global payments agreement with Morinda, Inc., a direct-selling company that markets nutritional, health and wellness products. Morinda is using the Digital River World Payments solution — including its international payments gateway and credit card processing capabilities — to build a localized European payments program that supports online sales of its lifestyle products across Russia, Hungary, Latvia, Lithuania, Poland, Romania and the Czech Republic. The Digital River solution will offer Morinda customers online credit card payments in seven different local currencies, including Russian ruble, Hungarian forint, Latvian lats, Lithuanian litas, Polish zÅ‚oty, Romanian leu and Czech koruna.
“With a presence in more than 50 countries, we want to make connecting with our brand and global shopping as easy and convenient as possible for our customers. We chose Digital River as our online payment service provider because of the unique combination of their e-commerce and payments expertise, strong track record in the direct selling industry, and extensive global footprint,” said Shon Whitney, vice president of sales for Morinda.
“Digital River has a successful track record supporting some well-known direct selling brands around the world. We are looking forward to playing an active role in helping Morinda advance its online sales strategy,” said Souheil Badran, senior vice president and general manager of Digital River World Payments. “One of the key objectives of our payments program is to support online merchants across business models and borders. We have the global reach and payments capabilities to help Morinda customize their payment transactions on an international basis, drive conversions and increase customer satisfaction.”
Through Digital River World Payments, Digital River offers online merchants more than 180 international and local payment options, and over 170 transaction and display currencies. In 2013, the company processed more than $30 billion in online transactions.
Digital River released a white paper, “Many Ways to Pay: Expanding Internationally is Tougher Than It Looks.” Read it to gain some insights into the three stages of international online payments expansion.
About Morinda, Inc.
Founded in 1996, Morinda is a global, research-driven company with a mission to use the power of nature to help people live healthier, longer lives. Cutting edge technology and extensive research have allowed Morinda to develop an innovative TrÅ«Age product line, as well as other natural wellness products that reflect their passion to help people live younger, longer. Morinda is headquartered in Provo, Utah, and has a presence in over 50 countries worldwide. Learn more at www.morinda.com.
About Digital River, Inc.
Backed by 20 years of e-commerce experience, Digital River is recognized as a leading global provider of Commerce-as-a-Service solutions. Companies of all sizes rely on Digital River’s multi-tenant, SaaS commerce, payments and marketing services to manage and grow their online businesses. In 2013, Digital River processed more than $30 billion in online transactions, connecting B2B and B2C digital products and cloud service companies as well as branded manufacturers with buyers across multiple devices and channels, and nearly every country in the world.
Digital River is headquartered in Minneapolis with offices across the U.S., Asia, Europe and South America. For more details about Digital River, visit the corporate website, read the Digital River Blog, follow the company on Twitter or call +1 952-253-1234.
In addition to the historical information contained herein, this press release contains forward-looking statements, such as statements containing the words, “will,” “plans,” “intends,” “expects,” and similar words. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Digital River, or industry results, to differ materially from those expressed or implied by such forward-looking statements. Such factors include, among others: Digital River’s operating history and variability of operating results; competition in the electronic commerce market; the ability of Digital River to support Morinda Inc.’s global payments solution; the market’s acceptance of such offerings; and other risk factors referenced in Digital River’s public filings with the Securities and Exchange Commission.
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